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20121224
20130101
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KGO (ABC) 16
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English 16
Search Results 0 to 15 of about 16 (some duplicates have been removed)
ABC
Dec 28, 2012 5:30pm PST
: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people o
ABC
Dec 29, 2012 5:00pm PST
to washington have to do their jobs. >> ama: top senate republican mitch mcconnell arrived on capitol hill. >> we work hard to see if we can get there in the next 24. i'm hopeful and optimistic. >> ama: senate leaders hope to have a bill to vote on by sunday. the house returns to washington sunday evening and could vote on the senate version. >> ahead, demands for justice in india. a woman dies of a brutal attack there. how the nation is standing up in support of her. >>> also, a lawyer says he is going to sue for millions in the connecticut school tragedy. why he claims he is taking legal action. >>> we did have some sunshine today, and but chilly temperatures, sunshine, and rain >> ama: six men in india could face the death penalty if convict of murder charges filed in a rape case that sparked international outrage. six men being charged hours after the woman died. she was gang-rain raped and beaten on a bus in new new dehli fearly two weeks ago. the case has created protests for greater protection for women >> supposed to go out at night. >> ama: some women say it's not uncommon to hear
ABC
Dec 30, 2012 5:00pm PST
leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut in payments to medicare doctors. >> we should go ahead and introduce legs that would make sure middle class taxes stay where they are and should be an up or down vote. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on the floor will be to cut taxes on middle class families. >> the bargaining continues tonight. >> the f
ABC
Dec 31, 2012 4:00am PST
the republican leader in the senate, mitch mcconnell, made an offer. that ended when harry reid said he could not present a counterproposal. in a hail mary, mcconnell phoned for help. >> i placed a call to the vice president to see if he could help jump start the negotiations on his side. i want everyone to know, i'm willing to get this done. but i need a dance partner. >> reporter: white house officials say vice president biden is now playing a direct role in the talks. the two parties remain at odds over the automatic, across the board cuts to government programs. there's divide on taxes. the white house wants to raise tax rates on people making more than $250,000 a year and republicans want to keep the estate tax from going up. >> if we're not able to reach an agreement, it will be dire. >> reporter: if there's no deal today, the average american family will start the year with a $3400 tax hike. paula and john? >> tahman bradley reporting live from washington this morning. thanks, tahman. happy new year to you. >> reporter: same to you. >>> the president called the shooting at newtown was
ABC
Dec 31, 2012 3:00am PST
certainly hope so. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. the tax impact for the average american family, more than $3,400. senate leaders continued to work on the stop gap bill. but sticking points remain. >> there's still significant difference between the two sides. but negotiations continue. >> reporter: reid said negotiations will continue through the night, with just hours left until that deadline. john and paula? >> preeti, thank you. >> so they are working right now, hopefully on something -- senator mitch mcconnell is working hand in hand with the vice president who said i think we all know we're running out of time. i want everyone to know i'm willing to get this done, but i need a dance partner. which
ABC
Dec 31, 2012 4:00pm PST
and insulting. belittling and in the end, sad. >> senate republican leader mitch mcconnell didn't join n after months of refusing to vote, he said now is the time. everyone agrees that that action is necessary. and i can report we've reached an agreement on all of the tax issues. we're very, very, close. >> very close? but no cigar until tomorrow. and tonight, at midnight, the tax cuts expire for everybody. everybody's taxes go up. tomorrow, the republican-led house can lower rates and claim that they never raise taxes on the rich, and only voted for a tax cut. in the newsroom abc 7 news. >> a year end rally on wall street, investors responded to the opt nix talks before the negotiators left the table. still, all three indicators up on the final day of trading this year. the dow jones finished at just over 13,104. >> doctors for hillary clinton announced she has a blood clot behind her right ear. >> it developed in a vus vessel between her skull and brain. fit reaches her brain, kit cause a stroke, her doctors remain optimistic she will make a full recovery. clinton was bedridden after she fai
ABC
Dec 29, 2012 5:30pm PST
in the hands of the two senate leaders. democratic harry reid and republican mitch mcconnell. they're working on a mini-deal that would prevent a tax increase for roughly 98% of american workers. extend unemployment benefits that are set to expire for some 2 million people. and prevent a huge cut in payments to medicare doctors. what took so long? >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: the 11th-hour effort to get a deal comes after the president met with the congressional leaders at the white house. it was his first such meeting in six weeks. even as mcconnell and reid come to an agreement, there's no agreement it will pass before the end of the year. the agreement represents what the president says is the bare minimums. extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everybody's income taxes will go up. and even if the income tax cuts are extended virtually all workers are due to see less in their pa
ABC
Dec 29, 2012 11:00pm PST
's in the hands of the two senate leaders pgz democrat harry reid and republican mitch mcconnell. they're working on a minideal that would preinvestigate a tax increase for roughly 98 of american workers, and extend unemployment benefits set to expire for two million people, and cut payments in medicare doctors. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> the 11th hour evident comes after the president met with the congressional leadership at the white house. his first such meeting in six weeks. even if mcconnell and reid come to agreement, there's no guarantee it will pass before the end of the year. the agreement represents what the president called the bare minimum. extending tax cuts, while doing nothing to curb spend organize address the long-term deficit crisis. if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks star
ABC
Dec 30, 2012 5:30pm PST
. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated all day saturday. saturday night republican leader mcconnell made his offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are certainly no breakthroughs yet, but there's a real possibility of a deal. >> if we are not able to reach an agreement, it will be dire. >> reporter: but the morning's optimism turned into the afternoon's pessimism. the senate opened for business at 1:00 p.m. with the ominous prayer from the chaplain. >> look with favor on our nation and save us from self-inflicted wounds. >> reporter: soon democratic leader reed acknowledged he had not been able to make a counteroffer to republicans. >> it's just that we're apart on some pretty big issues. >> reporter: grfrt -- frustrated with the impasse, republican mcconnell said he called vice president biden, urging him t
ABC
Dec 31, 2012 7:00am PST
: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income threshold. they want to keep the estate tax from going up. there's still no agreement on what to do about those automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an agreement, it will be dire. probably at least another million jobs lost, an unemployment rate over 9% and putting us back into recession. >> reporter: vice president biden and mitch mcconnell had several conversations deep into the night. and will continue those conversations this morning. the conver
ABC
Dec 30, 2012 4:00am PST
to the wire, dan. what's happening right now is harry reid and mitch mcconnell, the top democrat and republican in the senate are still negotiating their staffs at this hour. they are supposed to be working until about 3:00 this afternoon when the plan would be presented to both caucuses. as we understand what they are talking about is the bare minimum. basically the senate negotiating to extend those tax cuts for everybody making under $250,000 a year and do extend unemployment benefits also they're talking about trying to do something to stop the automatic spending cuts that go into effect but don't expect a deal on that. now, dan, if a deal can be reached today, the senate would begin looking at it, begin debating it and then you would see vote tomorrow in the senate and possibly a vote tomorrow in the house because as you know, if we get to tuesday without any of this happening, off the cliff. >> and, jon, you say off the cliff by tuesday, just two days left, how damaging would it be if we do indeed go off the cliff even if we bungee up a few days or weeks after. >> the impac
ABC
Dec 30, 2012 11:00pm PST
announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible sticking point. the sticking point appears to be a willingness or interest or want to close the deal. >> drastic spending cuts will go into affect and taxes go up for everyone. the tax impact for the average american family is more than $3400. senate leaders continue to work on the stop gap bill. the sticking points remain. >> there is still significant distance between the two sides. negotiations continue. >> negotiations will continue through the night. now with just hours to go until the deadline. abc news, washington. >>> as the government teeters on the edge of the fiscal cliff, you might want to change your tax strategy. coming up at 11:35, advice from 7 on your side's michael finney. >>> the leaders in the house and the senate did agree on something today. they extended the 2008 farm bill for one more year. that bill expired
ABC
Dec 28, 2012 7:00am PST
the road. first, let's listen to what senate minority leader mitch mcconnell said yesterday on the senate floor. >> i told the president we'd be happy to look at what he proposes. but the truth is, we're coming up against a hard deadline here. and republicans aren't going to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> meanwhile, the senate majority leader, now, had even harsher words for gop leadership. >> the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> wow. this sets up very well. >> calling your other guy a dictator is not really a good way to start. "the new york times" said that harry reid looked like an angry father-in-law, who kept coming to the floor, nursing a grudge all year long. this is not looking good, obviously. they're meeting at the white house, all four congressional leaders with the president. but, josh, this is the first me
Search Results 0 to 15 of about 16 (some duplicates have been removed)